Thank you for this good info. Especially now important since Steemit gets flooded by Bitconnect articles. Since people start getting scared by the Bitconnect Ponzi and want to profit as much as possible with new clients. Lets take care not to give cryptos a bad name.
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$17 million in ethereum was withdrawn from a mining pool bearing the name “USITech”
That changed approximately eleven hours ago, following the transfer of 15,651.75234 ETH out of the account:
At the current exchange rate, 15,651.75234 ETH is worth $18,327,344 USD.
The owner of the USITech mining pool account transferred the funds to “0x24BcC9d34d3b5F5ad2d8Aa944dB4aa7FFeB8b20F”;
From which it was then transferred to “0x876EabF441B2EE5B5b0554Fd502a8E0600950cFa”.
In this Reddit thread from about a month ago, “0x876EabF441B2EE5B5b0554Fd502a8E0600950cFa” is identified as a “hotwallet” account belonging to the Bitfinex exchange.
What happened to the $18.3 million after it entered the Bitfinex exchange is unclear. Such is the nature of cryptocurrency.
What I can tell you though is, in light of the announcement earlier today, the money isn’t going to be put toward paying affiliates what USI-Tech has represented they’ve earned.
Finally USI-Tech also released their upcoming TechCoin whitepaper.
From the looks of it, TechCoin is being put together by some Indian dev firm on the cheap.
It has never been easier to scam people than with Cryptos. All honest people just have to take care a lot. When it smells fishy, it definitely is. The best is to first double check and research as much as you can. FOMO could be deadly.